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20110728
20110728
Search Results 0 to 3 of about 4
with of the government. people that manufacture the ammunition that we sent to the troops in afghanistan. the choice will have to be made. what he say? who'd you pay? that is an impossible situation this country has never faced and should never faced if congress does what it is elected to do. >> messages from brokerages and investors say that even if the fault is avoided, a downgrade is likely? could you speak to a downgrade? could you speak to a downgrade? >> of the rating agencies, they make their decision. a downgrade is a bad thing, the fault is catastrophic. the focus we have to have is on the necessity of reaching an agreement that can pass the both houses and be signed into law. it will extend the borrowing capacity to pay the bills will already run up for a substantial time so that we don't have this cycle. there is one measure right now, one notion out associated with one of the measures that would have us doing this again around christmas time. does anybody think that is a good idea? what kind of impact would that have on the economy? one of the most important seasons. let's throw into dou
're at war for 10 years, in afghanistan and iraq at surge levels. we assume we're going to be fighting this war for 10 more years, with over 100,000 troops in afghanistan and oh, gosh, wait, we're going to withdraw our troops in 2014. $1 trillion in savings. i've got a better idea. let's pass a bill to cover the moon with yogurt that will cost $5 trillion today. and then let's pass a bill the next day to cancel that bill. we could save $5 trillion. wait, i've got a better idea. our debt is $14 trillion. let's come up with a new plan to spend $14 trillion, then rescind it the next day and let's save $14 trillion. this stuff is fiscal fantasy. you can't make this stuff up, mr. speaker. suggesting that we're going to be in a war at these levels for 10 more years when everybody knows we've already decided not to do that, that does not get us $1.3 trillion in spending cuts. only in washington can you add up math like that. we need real spending cuts. i yield myself an additional minute to say, this is getting serious, mr. speaker. very serious. we can't keep spending money we just don't hav
and distinction in iraq and afghanistan would feel that way to draw back on the benefits that they earned. during the bush years our country spent $1.5 trillion in iraq and national defense. the turnaround in our budget picture during the bush years was remarkable. in october of 2008, cnn reported that the debt clock had run out of numbers. the debt clock actually had exceeded 13 digits that had been allotted to the clock and had to be revised. according to one report at the end of the bush term, the number of jobs in the nation increased by 2%. that's the lowest at anytime since data began to be collected seven decades ago. gross domestic product was at the lowest pace since the truman administration, and the price that america has paid for the theology that suggested during all of those years that tax cuts pay for themselves. you can't find a mainstream economist in this town today who will acknowledge that argument. and yet we hear now more tax cuts for the wealthiest americans. by the time that the bush years ended, the debt had increased to $10.6 trillion, setting a record for any administra
in afghanistan alone to prop up a corrupt and incompetent karzai government. how about ending wasteful subsidies to big agriculture companies? how about asking billionaire hedge fund managers to pay the same tax rates as their secretaries? the truth is that the best way to deal with our long-term fiscal situation is to grow our economy. that means creating jobs and putting people back to work. the last election i thought was about jobs. we haven't talked about jobs at all since the new republican majority became -- came to power. that means investing in things like education and infrastructure and green technology and medical research. that's the kind of economic future the american people deserve. the boehner default plan would take us exactly in the wrong direction and urge my colleagues on both sides of the aisle to reject it. i yield back the balance of my time. the speaker pro tempore: the gentleman yields back the balance of his time. the gentleman from california has 5 1/2 minutes remaining. the gentleman is recognized. mr. dreier: mr. speaker, as i listen to my friend from the other side
Search Results 0 to 3 of about 4